IBM shares have fallen 7% so far this year and are down 34% from their peak of nearly $216 reached in early 2013. Over this same five-year period, the S&P 500 Index rose nearly 20%.
The underperformance is even more stark since January 1, 2012, when current chairman, president and CEO Ginni Rometty took the helm. IBM’s shares have been trimmed by 23% while the S&P 500 Index has more than doubled, increasing just over 115%.
READ FULL ARTICLE HERE